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new factory - Assignment Example
Author : tamiabraun
Pages 3 (753 words)
Marketing Customer Inserts His/Her Name Customer Inserts Grade Course Customer Inserts 19th December, 2012 Introduction Saudi Arabia is a large economy that conducts imports and export trade through companies located locally and abroad. The construction industry in the country has been experiencing tremendous growth in the recent years…
This essay is going to examine the strategies that could be used by a new company in establishing its business in the region. Analysis In the process of establishing a manufacturing company in Saudi Arabia, the government and all other authorities have to be notified of the intention such an idea. In this case, the first approach that we have to undertake is to talk to the Ministry of Commerce on the processes that need to be followed in establishing a manufacturing concern. Based on the data provided by the Ministry of Commerce we see that the four manufacturers namely Afep, Hawa Electric Access, Saudi Switches and Shamsan Alsahepy have improved their production (Ferrell, 2010). The Ministry of Commerce has been encouraging manufacturers and other producers to establish industries in Saudi that are producers outside the oil industry. This is a good opportunity for this company to establish a manufacturing entity in the region (O'Kane, 2010). The government offers incentives to new producers investing in any industry outside the oil industry. These incentives include tax breaks, business guidance and support in terms of ease in arranging regulatory papers such as licenses. ...